Agmt 2000 CalPERS - Laserfiche WebLink

Home

7. The percentage of final compensation to be provided for each year of credited prior and current service as a local fire member shall be determined in accordance with Section 21362 of said Retirement Law (2% at age 50 Full). 8. The percentage of final compensation to be provided for each year of credited prior and current service for all local police members except those who were reclassified to local police status pursuant to Government Code Section 20425 on or before August 4, 1972 shall be determined in accordance with Section 21362.2 of said Retirement (3% @ 50 Full). The required member contribution rate is 9% of reportable compensation. 9. The percentage of final compensation to be provided for each year of credited prior and current service for local police members who were reclassified to local police status pursuant to Government Code Section 20425 on or before August 4, 1972 shall be determined in accordance with Section 21362.2 of said Retirement (3% @ 50), supplemental to Federal Social Security. The required member contribution rate is 9% of reportable compensation. 10. Public Agency elected and elects to be subject to the following optional provisions: • a. Sections 21624 and 21626 (Post- Retirement Survivor Allowance). b. Section 20042 (One -Year Final Compensation). c. Section 20425 ( "Local Police Officer" shall include employees of a police department who were employed to perform identification or communication duties on August 4, 1972 and who elected to be local safety members). d. Section 20903 (Two Years Additional Service Credit). e. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local police members, except those who were reclassified to local police status pursuant to Government Code Section 20425 on or before August 4, 1972. f. Section 21024 (Military Service Credit as Public Service), Statutes of 1976. g. Section 20965 (Credit for Unused Sick Leave) for local miscellaneous members only.